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Acquisitions and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Acquisitions and Intangible Assets [Abstract]  
Schedule of business acquisitions
On October 26, 2012, the Bank completed the purchase of a branch at 63 Union Street in Rockland, Maine, from Camden National Bank that was formerly operated by Bank of America. As part of the transaction, the Bank acquired approximately $32.3 million in deposits as well as a small volume of loans. On the same date, the Bank completed the purchase of a full-service bank building at 145 Exchange Street in Bangor, Maine, also from Camden National Bank, and opened a full-service branch in this building in February of 2013. The acquisition allows the Bank to expand its community banking franchise into eastern Maine and expand its presence in Rockland, Maine. The acquisition-date estimated fair values of assets acquired and liabilities assumed in Rockland and Bangor were as follows:

Assets
 
 
Cash
 
$
25,297,000
 
Loans
  
224,000
 
Bank premises and equipment
  
3,776,000
 
Accrued interest receivable and other assets
  
24,000
 
Core deposit intangible
  
432,000
 
Goodwill
  
2,121,000
 
Liabilities
    
Deposits
 
$
31,858,000
 
Accrued interest and other liabilities
  
16,000
 
Schedule of finite-lived intangible assets acquired as part of business combination
The purchase premium of $2,553,000 was allocated to assets acquired and liabilities assumed based on estimates of fair value at the date of acquisition. The fair value of the deposit accounts assumed was compared to the carrying amounts received and the difference of $432,000 was recorded as core deposit intangible. The core deposit intangible is subject to amortization over the estimated ten-year average life of the acquired core deposit base and will be evaluated for impairment periodically. The amortization expense will be included in other noninterest expense in the consolidated statements of income and comprehensive income and is deductible for tax purposes. As of December 31, 2012, the amortization expense related to the core deposit intangible, absent any future impairment, is expected to be as follows:

2013
 
$
43,000
 
2014
  
43,000
 
2015
  
43,000
 
2016
  
43,000
 
2017
  
43,000
 
Thereafter
  
217,000
 
Total
 
$
432,000
 
Business acquisition, pro forma information
One-time costs associated with the acquisition that were recognized by the Company and included in the consolidated statements of income and comprehensive income for 2012 were $251,000. The amounts of revenue and expenses related to the Rockland branch since the October 26, 2012 acquisition date are included in the consolidated statements of income of the Company as follows:

Interest income
 
$
2,000
 
Interest expense
  
21,000
 
Net interest income
  
(19,000
)
Non-interest income
  
36,000
 
Non-interest expense
  
55,000
 
Loss before taxes
  
(38,000
)
Tax benefit
  
(13,000
)
Net loss
 
$
(25,000
)